How and When to Use a Life Estate Deed

Life estate deeds are a powerful estate planning tool for many homeowners because they allow for property to transfer outside of the probate process, and they may offer protection again Medicaid asset recovery if a homeowner requires assistance paying for long-term care. However, several factors must be evaluated before recommending this type of deed to a client. Join MVLS and our guest presenter, David L. Thurston, President and Attorney at Law, Crown Title Corp to learn:

• How the two different kinds of life estate deeds function, and how they differ from other forms of property transfer;

• What questions to ask your client and the factors you need to consider before recommending this type of deed to your client; and,

• Best practices for how to draft a life estate deed.